In this era of Private Limited Companies, every existing business entity or start-up want to register as a Private Limited Company. It requires very basic eligibility criteria and documentation. It...
This article is regarding the Rules and Laws information related to the private limited company registration in India. The article will tell you what a private limited company is, what are its benefits and some very basic steps to register it along with the list of documents that you might need to check on while trying to get a private limited company registration.
What is A Private Limited Company in India?
A private limited company is one of the most common as well as the best corporate structures for starting your own business. This private limited company can be incorporated with just a minimum of two members, though the maximum number being two hundred members. A private limited company is an organization that is juristic in nature and has the members sharing a limited liability onto the shares of it.
Rules Regulations and laws related to Private Limited Company Registration.
The Registration process for getting a private limited company could take anywhere from 7 days to 10 days. The private limited company trying to get registered must compulsorily hold a meeting with the ministry of corporate affairs or in short MCA. A private limited company will have a lot more credibility than a limited liability partnership or a general partnership organization. Most of the Angel investors and the venture capitalists are likely to prefer to invest in a private limited company.
What must you have while applying for the Private Limited Company Registration?
Here’s a checklist for the preparation of private limited company registration in India. The list is as follows: –
- DSC and Director Identification Number (DIN)
- Company Name Reservation – RUN
- Articles of Association (AOA) and Memorandum of Association (MOA)
- Corporate Identification Number (CIN)
- PAN &TAN
- GST Extra on Professional Fees.
- MCA fees / official stamp duty estimated on the basis of territories.
What is The Company formation Process in India?
- Digital Signature Certificate (DSC)
All of the supposed directors of your private limited company must have their DSCs or digital signatures as they are required for the online filing for the privately limited company registration, ROC compliance, and income tax returns.
- Director Identification Number (DIN)
Once you have gotten your digital signature approved and have received your approval mail from the registrar of the companies, the next step is DIN. A DIN stands for director’s identification number. It takes just one day to get it after the digital signature.
- Name Search- TM
Now the next step would be setting up a trademark for your company. You must start with a trademark name search. When you have found one get it approved via an approval application to the ROC.
- Final Incorporation of the private limited liability.
Now we come to the final step of incorporating your private limited company. Once you are done with the approval of the name by the registrar of companies it’s time to file an e – form along with the list of supporting documents that have been prescribed by law. This process could take around 3 working days and your private limited company will be incorporated.
So what are you waiting for avail these benefits by applying for the company registration with the help of professionals? Contact Swarit Advisors to get the proper guidance and correct procedure that is needed to be followed for the private company registration in India. Feel free to contact us either through phone call or email id, we are 24/7 hr accessible at your end to serve you as soon as possible.